Swiss Private Banks Are About To Make A Historic Move To Crackdown On Tax Dodgershttp://www.businessinsider.com/afp-swiss-private-banks-to-release-first-ever-results-2014-8/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 03 Mar 2015 18:56:26 -0500Marie-Noëlle Blessighttp://www.businessinsider.com/c/53fcbbca6bb3f79764374465hstad6Tue, 26 Aug 2014 12:54:34 -0400http://www.businessinsider.com/c/53fcbbca6bb3f79764374465
Dumb, Dumb comments! It is very difficult to "purchase Swiss citizenship". Unlike the U.S., where you can invest $500k in a business and get an accelerated Green Card. Nice opinion piece though - but still your ignorance is catching up to your low IQ!http://www.businessinsider.com/c/53fca91aeab8eade11b8812fmikej77Tue, 26 Aug 2014 11:34:50 -0400http://www.businessinsider.com/c/53fca91aeab8eade11b8812f
Whatever it is it will be understood to be information and in an age of increasingly *Total* Information Awareness there can be no reliable opacity such that prison can be avoided or, where that option is unavailable, a micro-drone strike.http://www.businessinsider.com/c/53fc6a02ecad04c25d742014tuxTue, 26 Aug 2014 07:05:38 -0400http://www.businessinsider.com/c/53fc6a02ecad04c25d742014
The Swiss sell their soul to the highest bidder. It is quite easy for any corrupt businessman or politician from a developing country to purchase Swiss citizenship. No questions are asked, just a small sum for the privilege. Swiss neutrality is the height of hypocrisy. At least other tax havens do not proclaim the pre tense for moral superiority. ;)http://www.businessinsider.com/c/53fc664d6bb3f73d0237446eNikolaiTue, 26 Aug 2014 06:49:49 -0400http://www.businessinsider.com/c/53fc664d6bb3f73d0237446e
Oh and one more thing, Banks were never asked to skirt tax laws. Taxation was and will always be a client's own responsibility, Swiss banks are not baby sitters or extended arms of the tax authority.
The real question you should ask is why so many people wanted to evade taxes in the first place? Bad tax system, no trust in their own governments, greed... How many Swiss do you think evade taxes in the Cayman Islands? Zero.http://www.businessinsider.com/c/53fc65bd6bb3f7c201374471NikolaiTue, 26 Aug 2014 06:47:25 -0400http://www.businessinsider.com/c/53fc65bd6bb3f7c201374471
Even the slow private banks in Switzerland will have only declared assets under management within two years time as most already do. Can't say most banks operating out of UK and US tax havens can say the same. Switzerland and tax evasion is a thing of the past, your money will gladly be managed there if you can afford it, but only if its declared. The problem is that the Wolf of Wall Street moments with Swiss Banks lie more than 10 years back but are only now coming to light as the Swiss Banking Center has made a complete U-Turn. Just try showing up at a Swiss bank with cash to deposit or open an account, should receive funny reactions.http://www.businessinsider.com/c/53fc3634eab8eac4378b4574alimara whidanTue, 26 Aug 2014 03:24:36 -0400http://www.businessinsider.com/c/53fc3634eab8eac4378b4574
Long story short: The partners are no longer willing to risk all of their personal assets to continue to skirt the tax laws their clients are still asking them to skirt. If the clients of these banks weren't so eager and willing to push the limits of the law these partners would not have had the desire or necessity to change the structure of their company.http://www.businessinsider.com/c/53fc34d8eab8ea633f8b4568JG66Tue, 26 Aug 2014 03:18:48 -0400http://www.businessinsider.com/c/53fc34d8eab8ea633f8b4568
Tax AVOIDANCE = Very legal , practised by many US Corporations. Individuals get a hard rap in UK for doing this (by the many "Socialist" commentators & jealous citizenry)
Tax Evasion = Illegal - that even a Swiss Bank would not assist or help you with. They smile If you are talking at legal tax avoidance from your domicile country; you mention an illegal manoeuvre ? they run a mile.